An expert information and advice service for those who want to plan for and meet the costs of retirement and later life care.
Call: 0115 859 9209.
If you are:
- Considering your future care needs or those of a relative
- Concerned about the implications of paying for care for you and your family, including losing your home and assets
- Wanting to understand all of your options to make a well informed decision and retain your financial independence in later life
Our Financial Information & Advice Services may be able to help you.
The Service explained
Financial Information & Advice Assessment, Information & Advice
We provide an impartial, confidential and free service tailored to your needs. Our team of experts will assess your enquiry however simple or complex. We will then provide the information you need, including any unregulated financial advice or put you in touch with the expert you need.
Age UK Notts Later Life Financial Advisers (*see disclaimer)
If you decide that you need some regulated financial advice we can put you in touch with an Age UK Notts Later Life Financial Advisers. These are Independent Financial Advisers or Chartered Financial Planners who are regulated by the Financial Conduct Authority and are members of the Society of Later Life Advisers. All the advisers on the panel hold an appropriate:
- financial planning qualification (Level 4) and a Statement of Professional Standing
- equity release qualification (covering both lifetime mortgages and home reversion plans) and
- long term care qualification
They work in partnership with us to offer a free 30-minute free consultation either at our Nottingham hub, via the telephone or home visit. They can provide regulated advice on the 6 main options on how to best meet the needs of paying for your own or your loved one’s care including:
- Immediate Care Needs Annuities
- Deferred Payment Agreements
- Home Equity Release Schemes
- Renting out a property
- Living off savings
They can also advise on other financial matters such as Pensions and Annuities, Investments and Savings, Tax planning (Inheritance Tax), etc.
You can retain choice and independence by choosing from a panel rather than a single recommended planner or adviser. After the free initial advice session, individuals can choose whether to pay for further regulated advice or purchase products and services. Our panel of planners and advisers are as follows:
Hudson Wealth Management Ltd
Sense Financial Solutions
*Disclaimer: Age UK Notts hosts a free initial and basic financial advice and assistance service which is provided by a panel of Later Life Financial Advisers. The Later Life Financial Advisers are Independent Financial Advisers or Chartered Financial Planners, in addition they hold the Society of Later Life Adviser accreditation, they are authorised and regulated by the Financial Conduct Authority. The Financial Advisers are completely independent of Age UK Notts. Neither Age UK Notts nor Nottinghamshire County Council accepts any responsibility or liability for any loss arising directly or indirectly from the use of these Financial Advisers or action taken in reliance on any information or advice that they may give. Neither Age UK Notts nor Nottinghamshire County Council endorses any provider, product or service that may be associated with the Financial Advisers. Age UK Notts and Nottinghamshire County Council would like to make it clear that other financial advisers are available and that users of this service do not need to use the services of the financial adviser following their initial free financial advice session.
OTHER USEFUL SERVICES
Age UK Notts Legal Advice Panel (**see disclaimer)
The Age UK Notts Independent Legal Advice Panel comprise of solicitors who have passed the Age UK Notts vetting process and have signed up to an agreed way of working. They are members of Solicitors for the Elderly, an independent, national organisation of lawyers who provide specialist legal advice for older and vulnerable people, their families and carers. Our legal advisers offer a free 20-minute free consultation at our Nottingham hub, via the telephone or a home visit where necessary.
Good legal advice often goes hand in hand with financial planning and there is often cross over on such matters as Powers of Attorney, Court of Protection, Estate and tax planning using Wills, Living Wills, Care home contracts and more.
You can retain choice and independence by choosing from a panel, rather than a single recommended solicitor. After the free initial advice session, individuals can choose whether to pay for legal advice or services. Our panel of solicitors are as follows:
Rothera Sharp Solicitors
Find out more
**Disclaimer. Age UK Nottingham & Nottinghamshire provides access to a legal advice service for eligible individuals. The legal advice service is provided by a panel of Legal Advisers (a solicitor, a Chartered Legal Executive, or a barrister). The adviser’s firm is authorised and regulated by the Solicitors Regulation Authority. The Legal Advisers are completely independent of Age UK Nottingham & Nottinghamshire. Age UK Nottingham & Nottinghamshire does not accept any responsibility or liability for any loss arising directly or indirectly from the use of these Legal Advisers or action taken in reliance on any information or advice that they may give. Age UK Nottingham & Nottinghamshire would like to make it clear that other legal advisers are available.
Age UK Notts Money Advice Service
If you would like help with budgeting and managing your finances, either now and or in the future, our service can help you with a range of unregulated financial advice and support
Find out more
Age UK Notts Welfare Rights Advice Service
We can ensure that you are not missing out on any additional income you may be entitled to receive.
Find out more
Age UK Notts Housing Options & Silverlinks Advice Service
If you need help to understand and make decisions about where and how to live in later life our adviser can help you to understand your current and future housing and care options.
Find out more
Useful Age UK Factsheets
Age UK produce many information guides and factsheets on topics relating to later life. These can be found here Age UK Information Guides and Factsheets.
If you are thinking about planning and paying for care, you might find the following useful:
Specialist housing for older people
Care Home checklist
Property and paying for residential care
Paying for care in a care home if you have a partner
Paying for temporary care in a care home
Paying for care and support at home
Paying for permanent residential care
Finding choosing and funding a care home
Powers of Attorney
Arranging for someone to make decisions on your behalf
Planning your retirement money and tax
Advance decisions advance statements and living wills
Wills and Estate Planning
Equity release in more detail
Other Useful Websites
Money Advice Service
Society of Later Life Advisers
Financial Conduct Authority